13F 披露季度：2026Q1 | 对比基准：2025Q4 | 数据分流：纯做多(SH-only, 已剔除PUT/CALL虚增)
| 标的 | 发行人全称 | 增持/建仓额 |
|---|---|---|
| ▸ 大幅增持 (Top 10) | ||
| EXXON MOBIL | EXXON MOBIL CORP | +$8.1B+51.2% |
| ON SEMICONDU | ON SEMICONDUCTOR CORP | +$3.5B+5736.1% |
| SANDISK CORP | SANDISK CORP | +$3.4B+66.9% |
| KLA CORP | KLA CORP | +$3.4B+109.6% |
| CIENA CORP | CIENA CORP | +$3.3B+66.6% |
| LAM RESEARCH | LAM RESEARCH CORP | +$2.6B+57.1% |
| ASML HLDG NV | ASML HLDG NV | +$2.5B+150.7% |
| IMPERIAL OIL | IMPERIAL OIL LTD | +$2.4B+50.2% |
| MARVELL TECH | MARVELL TECHNOLOGY INC | +$2.2B+20.6% |
| JOHNSON & JO | JOHNSON & JOHNSON | +$2.2B+55.8% |
| ▸ 新建仓位 (Top 5) | ||
| ASTRAZENECA NEW | ASTRAZENECA PLC | 首次建仓市值 $5.8B |
| PINNACLE FINNEW | PINNACLE FINL PARTNERS INC | 首次建仓市值 $620M |
| FORGENT POWENEW | FORGENT POWER SOLUTIONS INC | 首次建仓市值 $250M |
| VERADERMICS NEW | VERADERMICS INC | 首次建仓市值 $113M |
| MDA SPACE LTNEW | MDA SPACE LTD | 首次建仓市值 $98M |
| 标的 | 发行人全称 | 减持/清仓额 |
|---|---|---|
| ▸ 大幅减持 (Top 10) | ||
| MICROSOFT CO | MICROSOFT CORP | $-26.8B-27.5% |
| META PLATFOR | META PLATFORMS INC | $-14.0B-17.4% |
| NVIDIA CORPO | NVIDIA CORPORATION | $-7.8B-4.3% |
| BERKSHIRE HA | BERKSHIRE HATHAWAY INC DEL | $-6.3B-34.2% |
| WESTERN DIGI | WESTERN DIGITAL CORP | $-5.7B-97.6% |
| APPLE INC | APPLE INC | $-5.5B-6.6% |
| BOSTON SCIEN | BOSTON SCIENTIFIC CORP | $-4.6B-49.8% |
| TESLA INC | TESLA INC | $-4.4B-24.6% |
| BROADCOM INC | BROADCOM INC | $-4.2B-9.9% |
| ISHARES TR | ISHARES TR | $-3.5B-100.0% |
| ▸ 已清仓 (Top 5) | ||
| ASTRAZENECA EXIT | ASTRAZENECA PLC | -100.0% |
| CYBERARK SOFEXIT | CYBERARK SOFTWARE LTD | -100.0% |
| SYNOVUS FINLEXIT | SYNOVUS FINL CORP | -100.0% |
| REV GROUP INEXIT | REV GROUP INC | -100.0% |
| INVESCO ACTVEXIT | INVESCO ACTVELY MNGD ETC FD | -100.0% |
本季度增仓积极，共10个仓位显著增持（合计+$33.7B），5个全新建仓（合计$6.9B）。增量资金集中涌入Technology板块（7/15笔），代表标的：ON SEMICONDUCTOR COR、SANDISK CORP。
防御性减仓显著：10个仓位减持（-$86.6B），5个完全清仓（-$3.8B），防御姿态明确。减仓高度集中于Technology板块（8/15笔），代表标的：MICROSOFT CORP、META PLATFORMS INC、NVIDIA CORPORATION。
板块轮动特征显著：Industrials +1.0%，ETF +0.5%；Financials-2.0%。结构分化清晰。
行业配置整体稳定，AUM-3%，核心仓位无明显偏移